Under the Initial Bretton Woods System

question 67

Multiple Choice

Under the initial Bretton Woods system,

• A)foreign currencies could be converted into U.S.dollars, which could be redeemed for gold at a rate determined by supply and demand
• B)foreign currencies could be converted into U.S.dollars, which could be redeemed for gold at a rate of $35 per ounce
• C)foreign currencies could be converted into gold at a rate determined by supply and demand
• D)foreign currencies could be converted into gold at a rate of $35 per ounce
• E)gold was the international medium of exchange

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Definitions:

Executive Orders

Orders given by the President of the United States which regulate the functioning of the federal government and carry legal power.

Federal Law

Legislation enacted by the national government of a country that applies to all individuals and entities within the nation's borders.

Recreational Marijuana

Cannabis plant products intended for use primarily for leisure and entertainment purposes, rather than for medical treatment.

Medical Marijuana

The use of the marijuana plant or its extracts for medical purposes, often to alleviate symptoms of chronic conditions.